Ethereum Investment Funds Saw Record Outflows of $50M
Net outflows from cryptocurrency funds totaled $44 million for the week ending June 25, marking the fourth consecutive week of redemptions.
Bitcoin is at risk of breaking its $30K support level.
Increasing altcoin flows impliy investors are starting to diversify across their digital asset holdings.
Monday's bitcoin rally could encourage digital-asset inflows because many investors have been on the sidelines since the sell-off in May.
China’s announcement preceded choppy price moves around $34,000, which left traders with little sense of direction.
Crypto markets rose despite regulatory crackdowns from the U.K. and China. Analysts expect continued resiliency above $30K support.